g. Calculate 2013 exports as a percentage of imports.h. Calculate 2013 government purchases on nationaldefense as a percentage of federal government pur-chases of goods and services. The components of GDP in the accompanying tablewere produced by the Bureau of Economic Analysis.Components of GDP in 2013(billions of dollars)CategoryConsumer spendingDurable goods$1,263.0Nondurable goods2,622.9Services7,615.7Private investment spendingFixed investment spending2,564.0Nonresidential2,047.1Structures456.4Equipment and intellectualproperty products1,590.7Residential516.9Change in private inventories106.1Net exportsExports2,259.9Imports2,757.2Government purchases ofgoods and services andinvestment spendingFederal1,245.9770.7National defense475.1Nondefense1,879.6State and local

Government spending is one of the important part of aggregate spending in the economy.

Answered: g. Calculate 2013 exports as a…

Brief Principles of Macroeconomics (MindTap Course List)

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ISBN:9781337091985

Author:N. Gregory Mankiw

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Chapter5: Measuring A Nation's Income

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g. Calculate 2013 exports as a percentage of imports. h. Calculate 2013 government purchases on national defense as a percentage of federal government pur chases of goods and services.